22nd Jul 2025 08:01
(Alliance News) - UK public sector net borrowing was higher than expected in June, figures released by the Office for National Statistics showed on Tuesday.
Public sector borrowing totalled GBP20.68 billion in June, exceeding an FXStreet-cited consensus for GBP15.6 billion and up from GBP17.44 billion in May.
It was the second-highest June borrowing since monthly records began in 1993, after that of June 2020, the ONS noted. It was also more than the GBP17.1 billion forecast by the Office for Budget Responsibility in March.
Borrowing for the three months ended June 30 was GBP57.8 billion, up GBP7.5 billion from the year before and the third-highest April to June segment since monthly borrowing began, after 2020 and 2021.
Also, it reported the current budget deficit was GBP44.5 billion in the three months to June, which was GBP6.5 billion higher on-year. Monthly, the deficit was GBP16.3 billion in June, which was GBP7.1 billion more than the year before.
By Emily Parsons, Alliance News reporter
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